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[Quote the following Form of Demand Guarantee under URDG 758, provide brief details of the guarantee or use your own guarantee text as appropriate] – TYPE OF GUARANTEE: [Specify tender guarantee, advance payment guarantee, performance guarantee, payment guarantee, retention money guarantee, warranty guarantee, etc.]
ICC Uniform Rules for Demand Guarantees (URDG 758) Article 1 Application Of URDG a) The Uniform Rules for Demand Guarantees ("URDG") apply to any demand guarantee or counter-guarantee that expressly indicates it is subject to them. They are binding on all parties
of the world of demand guarantees and counter-guarantees. It explains the fundamental principles of demand guarantees and the differences from. cumentary credits, indemnities or accessory suretyships. Following a prologue tracing the road to URDG 758 and presenting a table comparing the key aspects of URDG 758.
28 cze 2011 · The extensively updated URDG 758 – which came into force on 1 July 2010 – reflect international practice in the use of demand guarantees and apply to all sectors of trade and industry including construction, banking, project, and trade finance.
URDG 758. Used at all stages of a transaction between an exporter and an importer, international bank guarantees are a fundamental instrument of international trade. International guarantees enable secure business operations, to reassure foreign partners and more easily win new markets.
1 lip 2010 · The ICC Uniform Rules for Demand Guarantees (URDG) reflect international standard practice in the use of demand guarantees and balance the legitimate interests of all parties. The URDG 758 has been in effect since the 1st of July 2010.
The ICC Uniform Rules for Demand Guarantees (URDG) reflect international standard practice in the use of demand guarantees and balance the legitimate interests of all parties.
